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2. Bart needs to borrow $7,000 from a local bank. He compares the monthly payments for a 9.75% loan for three different periods of time.

2. Bart needs to borrow $7,000 from a local bank. He compares the monthly payments for a 9.75% loan for three different periods of time. a. What is the monthly payment for a one-year loan? b. What is the monthly payment for a three-year loan? C. What is the monthly payment for a five-year loan

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